The local equities slipped further on Thursday, with the NGX-ASI and market capitalisation closing lower by 0.87 percent to settle at 140,332.44 points and N88.8 trillion, respectively.
Sell-offs in market heavyweights– BUACEMENT (-9.96 percent) and MTNN (-2.25 percent), as well as profit-taking actions in Access Holdings (-1.64 percent) and Julius Berger (-9.96 percent), were the major drags to the index’s decline.
The market breadth also closed negative at 0.36x as 45 losers outpaced the 16 gainers on the bourse. JAIZ BANK (+9.75 percent) emerged as the best-performing ticker in today’s trading session, while INTENEGINS (-10 percent), THOMASWY (-10 percent), UPL (-10 percent) and VERITASKAP (-10 percent) topped the laggards’ chart.